Alamos Gold (TSE:AGI) (NYSE:AGI) had its target price raised by BMO Capital Markets from C$11.00 to C$12.00 in a report issued on Friday morning, BayStreet.CA reports.
A number of other research firms also recently commented on AGI. CIBC raised their price objective on shares of Alamos Gold from C$9.00 to C$10.50 in a report on Monday, July 15th. Raymond James reaffirmed a market perform rating and set a C$10.00 price objective on shares of Alamos Gold in a report on Thursday, August 1st. National Bank Financial raised their price objective on shares of Alamos Gold from C$9.00 to C$9.25 and gave the stock a sector perform rating in a report on Tuesday, July 23rd. Finally, Canaccord Genuity raised their price objective on shares of Alamos Gold from C$9.50 to C$11.00 in a report on Friday, July 19th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of C$10.04.
Shares of Alamos Gold stock opened at C$9.37 on Friday. The company has a current ratio of 3.26, a quick ratio of 2.05 and a debt-to-equity ratio of 0.10. Alamos Gold has a fifty-two week low of C$3.88 and a fifty-two week high of C$9.52. The firm has a fifty day moving average of C$8.31. The company has a market cap of $3.65 billion and a P/E ratio of -62.05.
Alamos Gold Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of gold deposits in North America. It also explores for silver and precious metals. The company's flagship project is the Young-Davidson mine, which includes contiguous mineral leases and claims totaling 11,000 acres located in Northern Ontario, Canada.
Further Reading: Cost of Equity For A Business, Investors
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